Rare opportunity in Colonnade on 5th, directly on Naples iconic Fifth Avenue South. This spacious two-level penthouse features a private elevator foyer, two bedrooms plus a large den/flex room, two full baths, a loft, and over 2, 800 square feet of flexible living space. South-facing with abundant natural light through numerous windows, the home offers a generously sized primary suite and a versatile layout ideal for renovation or modern updates. At the back of the building with two large balconies overlooking the rear area and neighboring Colonnade building, it includes two assigned under-building garage spaces and access to a community plunge pool, grilling area and covered bike racks. Enjoy the ultimate downtown lifestyle with world-class dining, boutique shopping, art galleries, entertainment and events just a short distance away, plus beach access only a few blocks from your door. Livable as-is, this residence presents an exceptional opportunity to create a custom retreat in the heart of Olde Naples.